[AdamB]

I think it's time you bought into BC adam. You can get a loan for it you know, add it onto your mortgage hey

You don't think. Not because you don't TRY, but just because you don't know how. Be satisfied with what you are Lucky. And try and make sure the boy does better. Shouldn't be hard...if he can count, even using his fingers and toes, he's already one up on you.

[careinke]

Hey Adam, I answered your query on inelastic money on the previous page. Got an electrician coming this Thursday to put a 30 Amp plug for ROY-B. Will speed up charging about ten times faster than the 110 V plug I'm using now.

Peace

[theluckycountry]

The Future Of Crypto Equity Wrappers

Crypto treasury companies such as Strategy are all the rage right now. Seemingly not a day goes by without an announcement of yet another public vehicle whose primary purpose is to provide cryptocurrency exposure inside an equity wrapper. While there are benefits to this design, some of these companies lack a unique value proposition and are indistinguishable from each other. Their stocks might not attract a premium during a bear market.

https://omid-malekan.medium.com/the-fut ... cf06567653

This is part of the reason crypto slavishly follows the stock market. Another part is that it's major trades (those of the whales) are orchestrated by (Whales), who simply trade the spread. It's an efficient way to generate income, it's why so many companies now go in for subscription services, it's predictable income, it's what underpins the insurance and mortgage mills too. Little regular payments by millions of people add up to great wealth over time.

And there are other reasons crypto follows the equities so closely, like the fact that in a panic! People dump everything and go to cash or a cash equivalent like Gold. Clearly crypto isn't "Digital Gold" because if it was it would go up in times of economic uncertainty. But back to the article.

In retrospect, the equity markets and cryptocurrencies were always destined for each other. The stock market is large, liquid, and broadly accessible. Crypto is none of these things, but is an exciting new asset class with greater upside potential. Thus the appeal of putting a long crypto strategy inside a public company wrapper, particularly in markets without cryptocurrency ETFs.

Strategy (formerly MicroStrategy) has executed the plan successfully. It currently holds almost 3 percent of all Bitcoin and trades at over 1.5x times the value of its Bitcoin holdings. As the first — and by far largest — Bitcoin treasury company, it has enjoyed a significant first-mover advantage. Its stock is highly liquid, accessible to institutions and retail investors on countless platforms, and now part of the prestigious NASDAQ 100. That liquidity — along with the premium to its NAV — allows it to keep issuing more shares to buy more Bitcoin. Strategy has also pioneered the use of convertible notes to extend its reach (and exposure to Bitcoin) to the debt market.

What should be clear from this, as clear as a Ship's Bell in a storm, is that all this crypto, and we are primarily talking of BTC now, is being purchased with Debt. Why people insist on getting ripped blind by middlemen never ceases to amaze me. They do it with solar panel installs, purchasing houses, and here they are doing it with techno companies. Instead of simply buying the crypto themselves they buy Strategy shares, as though somehow that will be safer than buying the product directly. Of course what they expose themselves to is a mass of fees and charges in so doing. The Brokers have to be fed, Michael Saylor wants his fat cut, and so does everyone else involved, including the government at tax time, and the Banks! Think about all those payments for a second... Where does Strategy get the money to pay the interest on it's notes, and on it's bank debt As of March 2025, the company reported approximately $8.14 billion in debt. Where? By trading BTC of course, because there is little other income other than stock sales. It sells high and buys low, moving the market as it does so. It probably does this in concert with other whales, it's a time tested scheme that goes way back to the Oil majors.

As far as it's utility and pricing is concerned crypto is bought and paid for, with low interest loans and "convertible notes". That means you aren't really buying BTC "money" when you buy BTC now, you are simply buying shares in the Equity markets that are ALL built on debt. It doesn't matter if you bought direct, your "vote" as to what BTC should be or do is meaningless now. Coiners praised the ETF's when they came in and praised Saylor when he became a big buyer via his company. They assumed that these entities were merely hodlers like themselves and were creating the demand that pushes prices up. But it was not to be because they are not Hodlers, they are Dealers. They are like the House, the Casino that welcomes thousands of players every night and takes it's cut of all action by fixing the payouts and taking a clip of all bets.

Convertible notes are a type of debt instrument that startups use to raise capital, allowing investors to lend money initially with the option to convert that debt into equity at a later date

Yes, just one more Bank product to add to the thousands of others. Like Cadbury chocolate Bars, look at all the different flavors they have now.

[AdamB]

https://omid-malekan.medium.com/the-fut ... cf06567653
Like Cadbury chocolate Bars, look at all the different flavors of nonsense I post for the 4 regulars!

[theluckycountry]

I was out for a couple of hours on the RR this morning and when I parked up at a layby for a smoke a couple of young lads pulled in after me. They'd seen me ride by and wanted a look at the bike, one was getting into bikes soon he told me. Both these young guys, under 20 years of age, were quite switched on I thought. This new generation, Gen-Z, are a lot different to their older cohort the Millennials. They don't waste their life on computer games and have a hands on pragmatic approach. They told me they worked on their Ag bikes and had other interests as well, one was into radio. In contrast Millennials don't even wash their own cars let alone work on them. I asked them if they were into crypto, they just smiled and said "Nah, that's Cheugy". I had to look that word up, Cheugy: Describing something outdated, especially in terms of fashion or trends, often associated with millennials

Turns out they were just saving, in the bank like, and letting their superannuation do it's thing in the background. Not surprising for people that age I suppose. Every generation has it's "thing" and every generation gets shafted, typically more than once. I guess we'll have to wait a few more years to see what Gen-Z moves into enmass. Millennials went into crypto when they were all of age mostly, that was their day in the sun, the boom that would never end.

1: Crypto Was the Dream. Reality Is Different

In 2021, I sat in a group chat watching three friends throw their savings into Shiba Inu, Bitcoin, and Ethereum. One of them said, “This is how we retire at 30.” Another joked, “I’m not going to work again after next month.” Fast forward to 2025, and not one of them made it out.

Crypto wasn’t the worst investment. False hope was. It’s not that crypto died — it didn’t. It’s still there. But for most everyday Millennials and Gen Zers, it didn’t deliver the freedom they expected. Instead of retiring early, many were left staring at red charts, explaining to their parents why “it’s just a dip,” and wondering if they’d missed the boat again.

[theluckycountry]

109, just relax inke, it's only the Dow popping up again, not: Da Big Bull

[AdamB]

I was out for a couple of hours on the RR this morning and when I parked up at a layby for a smoke a couple of young lads pulled in after me.

Why weren't you riding with the son?

Is he a little too...normal Aussie for you?

[theluckycountry]

I probably didn't clarify the relationship between the Dow and crypto inke, they move in lockstep sure, but StinkCoin acts like a derivative, a CDO or a CDO squared. It's moves up and down will be amplified due to the greater debt exposure and the limited market. Just a few whales making the moves. That is why it dropped so significantly earlier today. Don't worry though, it's firmly fixed to the paper markets, as long as they continue to go up it will follow. Of course if we get that 18 year cycle collapse...

[AdamB]

I probably didn't clarify the relationship between the Dow and crypto inke, they move in lockstep sure, but StinkCoin acts like a derivative, a CDO or a CDO squared.

And we are to learn from...how much experience on Wall Street do you have? Or working in a financial institution? Or hell, what were your math grades in the 9th grade before you dropped out because while parroting what others say is your specialty, thinking has never been your thing?

[theluckycountry]

WoW, Much WOW!

Kazakhstan Plans To Establish Bitcoin And Crypto Reserve
https://bitcoinmagazine.com/news/kazakh ... to-reserve

Where's Kazakhstan? I don't even know. Just some rathole in the desert north of Turkey or Iran, I think.
It's got some minerals, and a nice old Soviet city capital.



It's not the only place to enter the fray, ukraine has recently passed Bitcoin reserve legislation. Not that there's much left of ukraine at this point, but the regime likes to project the image that things are normal there

I'm sure this news has caused a flurry of posts over on the big reddit sub, I go look, but I lost interest after El Salvador's big announcement. If only third world shitholes are embracing it, that's not what I'd call a good sign.

[AdamB]

WoW, Much WOW!

Kazakhstan Plans To Establish Bitcoin And Crypto Reserve
https://bitcoinmagazine.com/news/kazakh ... to-reserve

[theluckycountry]

The brutal truth about Bitcoin
From brookings no less

While Bitcoin has failed in its stated objectives, it has become a speculative investment. This is puzzling. It has no intrinsic value and is not backed by anything. Bitcoin devotees will tell you that, like gold, its value comes from its scarcity—Bitcoin’s computer algorithm mandates a fixed cap of 21 million digital coins (nearly 19 million have been created so far). But scarcity by itself can hardly be a source of value. Bitcoin investors seem to be relying on the greater fool theory—all you need to profit from an investment is to find someone willing to buy the asset at an even higher price.

https://www.brookings.edu/articles/the- ... t-bitcoin/

[theluckycountry]

Investment 101 for potential coinheads.

Unmasking Crypto Market Manipulation: Wash Trading, Spoofing, and More

Much like traditional financial markets, crypto markets are not immune to manipulation. Many of the same practices that plague stocks and commodities — like wash trading, spreading fear, and pump and dump schemes — also exist in the crypto space. However, crypto’s decentralized and largely unregulated nature often makes it an even more fertile ground for manipulation. From professional traders to market makers to institutions, bad actors use a range of tactics with the goal of swaying prices to their advantages.

In this blog, we’ll explore some of the most common manipulation tactics in the crypto markets and discuss how these practices impact the industry as a whole.

https://www.certik.com/resources/blog/u ... g-and-more

Someone on the reddit stinkcoin sub posted
How do we prove that the market manipulation is happening

Oh what a shitstorm that started, most of them don't believe such a thing is possible, and their sage advice? Just buy more, buy more. Because at this point that is the only thing that will save them, masses of tokens changing hands from one account to another to bid up the price. There is nothing useful in this activity, quite the opposite, it's a huge drain on the World's electricity supply. It doesn't build anything, is not used in any critical systems, it's just like house flipping without the renos. What a total crock. https://www.reddit.com/r/Bitcoin/commen ... lation_is/

Top comment: You are listening to far too much YouTube shait… be humble, stack sats and forget about it
Forget about it, stick your head back in the sand I love it, and it sums up crypto thinking completely.

[AdamB]

Investment 101 for really stupid people, which is how I came upon it, anything requiring a thinking parrot is WAY over my head.
Unmasking Crypto Market Manipulation: Wash Trading, Spoofing, and More

https://www.certik.com/resources/blog/u ... g-and-more

[theluckycountry]

Have you noticed the shift on r/bitcoin lately inke?
JUST IN: Jack Dorsey’s BitChat lets users send Bitcoin without internet access by using Bluetooth or mesh networks.
Wow, like now coinheads can trade between themselves even easier. Applications to the real world? Purchasing goods, building infrastructure? Surely you Jest! That's not what BC is about, far from it. It's a virtual commodity that, according to Michael Saylor "travels at lightspeed through space and time, and that's profound." Bitcoin exists in it's solid state on exchanges, in it's liquid state it moves from PC to PC across the copper, but in it's vapor state it travels from mobile device to mobile device across space and time, bitcoin transactions traveling at lightspeed, transmitted through low earth orbit satellites are already out beyond the Alpha Centauri star group and this is only the beginning.

It's all very deep and 99.9999% of hodlers understand none of this nor should they, they just hodl, and buy and hodl. Trouble is they are human and on the main sub are getting a little edgy, waiting for the big Moon Shot. Many of the posts now are comparisons of prices from wayback to today. Houses, cars, etc. They are pushing the past glories of BC, reminding everyone that BC will of course rule, if not the Galaxy, certainly the financial landscape of the next 1000 years, and beyond.



many many memes posted depict stories, with suitable imagry, of people selling BC when it was $4. Oh the poor fools, but you hang on coiner because your ship is just about to sail.



Many other posts are warnings about the takeover of the trading platforms. Not a day go by without one of these. A popup instructs the user to input their password/seed phrase and then sells the coin out for under them.

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know
https://www.tradingview.com/news/newsbt ... d-to-know/

What's this all about? Bitcoin is built on debt, $US debt to be precise. From Michael Saylor to the kid buying in on his CC the whole edifice is leveraged to the core. The coiners hate the US buck, but when it collapses, so will crypto.

[theluckycountry]

Building on the debt angle above, lets look at one particular post on sub.

Why does bitcoin follow the US stock market trend?

I have always thought about this but never understood. If Bitcoin is truly an independent asset, you'd expect it to act as a safe haven something people flock to when the stock market tanks. Yet, time and again, we see Bitcoin’s price movements mirroring the U.S. stock market.. https://www.reddit.com/r/Bitcoin/commen ... ket_trend/

NiagaraBTC
Is Bitcoin following the stock market, or are both Bitcoin and the stock market following global liquidity?
Nossa30
Big brain strategic thinking right there. You sir know how to zoom out.

rredline
Yeah it's also being treated as a risk-on asset, even though its destiny is to be the ultimate risk-off asset.

It's destiny lol, I love that, true crystal ball stuff. NiagaraBTC got it right though with his top post, BC follows the stockmarket because both are built on debt, liquidity being just another way of saying debt.

New-Ad-9629
It indeed is an independent, global asset. It should trade like Gold. But not even 1% of the people in the world really understand bitcoin. Give it some time. It has already shown signs of decoupling from the US stock market

Give it some time, like a leopard can change it's spots if given time. These people are clueless!

White-Widow-Walker
How would it decouple from the US market? Could you explain it to me, I’m a newbie here
zmagickz
if/when it transitions from speculative/growth to stable/safe haven to the masses

That''s a Big If, and one built on pure Hopium, but it sums up the basic thinking of all the crypto hodlers. One day someone will believe this shit is worth a lot too and I can offload it to them and buy Lambo. All these discussions around BC are pointless circular arguments that typically end with some condescending remark that the questioner is simply a luddite and needs to go look at BTC's former glories.

Mantis-Prawn
Profile Badge for the Achievement Top 1% Poster
Although we, Bitcoiners, believe that BTC is a safe haven.
In fact, many people in TradFi see Bitcoin as a high risk volatile asset.

Your are right there Mantis prawn (what kind of a name is that?)
You sort of understand, and it must give you shivers knowing that the world of finance will throw your beloved virtual coins down the toilet when they sense risk. The simple fact is that coiners are engaged in credulity on a mass scale.

Credulity:
willingness to believe or trust too readily, especially without proper or adequate evidence; gullibility.

A couple of manic bull runs in an era of Titanic debt and extensive financial corruption is not what I would call "evidence" The multitude of players sitting atop the US financial structures and corporations have been siphoning off unbelievable amounts of cash from the expanding US debt. All of which is ultimately the responsibility of the lowly working classes to repay. BC is just one more example of this.

[AdamB]

Have you noticed the shift on r/bitcoin lately inke?
JUST IN: Jack Dorsey’s BitChat lets users send Bitcoin without internet access by using Bluetooth or mesh networks.

https://www.tradingview.com/news/newsbt ... d-to-know/

I'm betting careinke has learned more things in a day than you have in a lifetime...so...Careinke has probably noticed WHAT MATTERS, as opposed to whatever some dunderhead like you randomly collected on the internet because you like the headline. No understanding needed for parrots...just something they don't understand to parrot that sounds good.

[theluckycountry]

NVDA leads the charge, surging to a record-breaking $4 trillion market cap...
Must be a lot of private pension funds buying/bidding it up. I wonder what the insider selling is like?

Every second or third day lately Jensen Huang, the CEO, pulls out about 30 million dollars, Like all owner ceo's of these fat corps he gets paid in shares, and promptly sells them, because that's how the rich get richer. These are his first such sales since September 2024, under a pre-arranged trading plan.
https://www.secform4.com/insider-trading/1197649.htm

Imagine if he was paid a salary of a billion a year, that would raise eyebrows! Selling his own stock though, hand over fist before what I assume is a top is quite acceptable to the public. It's been a long slog for nvidea so I don't begrudge him, let the pensioners take their hit, one more won't matter.

What funds invests in Nvidia?

Holder Shares Value
VANGUARD INDEX FUNDS-Vanguard 500 Index Fund 680.48M shares $108,247,707,069

Vanguard offers pension products, specifically Self Invested Personal Pensions (SIPPs) and a Personal Pension service. These are designed to help individuals save for retirement, offering various investment options and features to manage and grow retirement savings

$100 Billion, in just one fund, spread across it's various product lines of course.

Vanguard has a fairly unique structure for an investment management company. The company is owned by its funds; the funds are owned by the shareholders. This means that its shareholders are the actual owners. Unlike most publicly owned investment firms, Vanguard has no outside investors other than its shareholders.

https://www.investopedia.com/articles/i ... -group.asp

Very cool. Might be legit too, as in caring about it's investors? So was AMP once. My sister swore by AMP, until it rolled over.

[AdamB]

NVDA leads the charge, surging to a record-breaking $4 trillion market cap...

https://www.secform4.com/insider-trading/1197649.htm

[careinke]

I love it when my personal "Inverse Cramer" starts bleating. Getting a little nervous today?? So far your record has been perfect.

Right now one BTC will buy over 34 Ounces of pretty rocks. I think that is a new record!

HFSP.

Peace